Cayman’s financial services sector will be hearing the opinions of two of the global industry’s most eminent experts about the potential effects on the Cayman Islands of the precaruious state of US public finances at a conference scheduled for the 12th April.
The event is by invitation only and dramatically entitled, ‘The Implosion of US State Finance and Its Effect on the Cayman Islands’. It is being hosted by leading Cayman financial services firms, Stuarts and RBC Wealth Management and is set to take place at the Ritz-Carlton Grand Cayman.
Professors Christopher L. Culp and Andrew P. Morriss will be the featured speakers, covering areas of potential concern for investors, fund managers and other financial services providers, who are watching the markets closely for signs of aftershocks. The agenda will deal with issues such as a brewing sovereign debt crisis in the US, the uncertain future demand for particular securitized products, an impending US national pension issue and the comparative validity of bonds from US states. The discussion will look at potential fallout from the recent recession and the outlook for financial services providers in the Cayman Islands and their clients over the coming months.
Jane Wareham, Local Attorney and Consultant retained by Cay Solutions Ltd., a subsidiary of Stuarts, said, “The ripple effects of events in the US are felt throughout the global economy. Amidst a lot of uncertainty about the current economic client the timing is right for the industry in Cayman to take a closer look at some of the potential consequences for Cayman of further instability in US public finances.” She continued, “Few people are able to match the depth of insight that Christopher Culp and Andrew Morriss will bring to our local audience. We are delighted to be hosting them for this event.”
Deanna Bidwell, Managing Director of RBC Wealth Management, Royal Bank of Canada’s wealth management division, explained, “Our involvement in this seminar is a result of the bank’s continued efforts to providing unparalleled service and advice to our private and institutional clients by staying ahead of events in global markets.” She added, “We believe it is paramount that the industry in Cayman is braced for the potential impact of worsening financial difficulties for the US state so our jurisdiction can better position itself to respond effectively to any resultant economic turbulence.”
For more information please contact:
Cay Solutions Ltd., a subsidiary of Stuarts
T. +1 (345) 925 4455
E. [email protected]